According to the civil procedure law
Article 242 If the person subjected to execution fails to perform the obligations specified in the legal documents according to the notice of execution, the people's court has the right to inquire about the deposits, bonds, stocks, fund shares and other properties of the person subjected to execution. From the relevant units. The people's court has the right to seal up, freeze, transfer or change the property of the person subjected to execution according to different circumstances. The property inquired, sealed up, frozen, transferred or changed in price by the people's court shall not exceed the scope of obligations that the person subjected to execution shall perform.
When the people's court decides to seal up, freeze, transfer or change the price of property, it shall make a ruling and issue a notice of assistance in execution, which the relevant units must handle.
Extended data
If the millions of loans owed to the bank are pure credit loans, and now they are bankrupt and have nothing to dispose of, the bank will first find a guarantor or a third-party guarantee company to repay, and the pure credit loan must be guaranteed by a guarantor or a third-party guarantee company;
Otherwise, it is impossible for banks to give customers millions of loans at will, but as guarantors or third-party guarantee companies, they are responsible for repaying loans for borrowers when they are unable to repay loans.
Xingcheng People's Procuratorate-People's Republic of China (PRC) Civil Procedure Law